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Author Topic: If these resistances are broken, the price of bitcoin could reach $ 16,000  (Read 537 times)
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September 15, 2020, 05:04:27 AM
 #21

So I think the things that we need to wait for is the price needs to break $11k because that is the hard things that bitcoin needs to do.
We will eventually see it but I don't think that it's actually a hard thing for bitcoin to reach. We've been there for quite a time and going back to that price point won't be that hard anymore.
Looking at the price that's $10,703. Breaking $11,000 is just a matter of time. It could be by this week or by the weekend but as observed by others, during weekends, dumps do happen.
Yes, I agree that breaking $11k is a matter of time, but if we check on the bitcoin price moves, I think we still need more time to see it will happen. Maybe we will need to wait and satisfy the price now, but I guess that we can use the price up to and down to profit as much as possible.
Maybe bitcoin price will not go higher up to $15k until next month or November or even December, but no matter what, I am sure that the bitcoin price will increase so high.



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September 15, 2020, 06:50:02 AM
 #22

If these resistances are broken, the price of bitcoin could reach $ 16,000
According to many experts, the market is likely to reach $ 16,000 if the price of Bitcoin breaks the key resistance ahead.

It is just a matter of time before Bitcoin will reach $16000. But that dont mean that after it will reach $16000 will never go below 16000 again.  Question is can Bitcoin go above $16000 this year. O personalty believe that chances for that are more then 50%.

In one jump, the price may even reach 20,000 and in a few days it will fall below 16,000.
Everything in this volatile market depends on supply and demand.
However, I hope that the support for Bitcoin will be around 12,000 and we will return to the previous resistance. Then we can expect high prices.
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September 15, 2020, 07:01:40 AM
 #23

(....)
In one jump, the price may even reach 20,000 and in a few days it will fall below 16,000.
Everything in this volatile market depends on supply and demand.
(...)
You got a point here, even if we will look back last December 2017, when we are able to reach the all-time-high around $19, 000. It's just a matter of few days that time, so probably we it will happen again in the near future.
What I want to happen is a healthy pump one, not just like before. It's extremely parabolic run on Bitcoin and dumped too hard after few days.





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September 15, 2020, 07:02:36 AM
 #24


I personally don't think that $16k is possible at the end of the year. I'm giving like a conservative estimates of around $13k. There's a lot of resistance along the way to $16k and we might have a hard time breaking time unless there is a good news that will make people invest on bitcoin and move away from the Defi hype that has been plaguing the market for so long. So give and take, $13k will be good to me at the end of the year.

Another big concern is the miner's dumping their shares again, that just happened early this month, there's a possibility that it could happen again, we all know what happened is very surprising although not a big concern, they can dump and it will not have a big impact on the price but it will stop the momentum of the price from moving up and that what really happen this month.

Yes, this is a normal drop, and if one knows bitcoin from 3 or 4 years ago, one knows that these drops will eventually lead to an increase.
Also, if this resistance crosses 10,000 at the end of the year, we can hope that higher prices are on the way.
But we must also have a look at the fall and fall again ...
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September 15, 2020, 09:14:25 AM
 #25

(....)
In one jump, the price may even reach 20,000 and in a few days it will fall below 16,000.
Everything in this volatile market depends on supply and demand.
(...)
You got a point here, even if we will look back last December 2017, when we are able to reach the all-time-high around $19, 000. It's just a matter of few days that time, so probably we it will happen again in the near future.
What I want to happen is a healthy pump one, not just like before. It's extremely parabolic run on Bitcoin and dumped too hard after few days.
It's different though, the scenario is not the same, that time we have CME and CBoE entering the picturing, meaning there is a catalyst for a sudden price boost. But then it was followed by a hard dumped, hope that it won't happened again. Currently, the price has broken $10,500 and trying to reach $10,800 another hurdle point. So maybe $11k is just around the corner in the next coming days. I initially thought that we might see more sideways and everything will only change in October, but my crystal ball is wrong.

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September 15, 2020, 12:28:05 PM
 #26


You got a point here, even if we will look back last December 2017, when we are able to reach the all-time-high around $19, 000. It's just a matter of few days that time, so probably we it will happen again in the near future.
What I want to happen is a healthy pump one, not just like before. It's extremely parabolic run on Bitcoin and dumped too hard after few days.
I thought the price will have a healthy pump when we enter the month of September instead the opposite is what happens, we went from doing good to big dump, it's like we are starting all over again, I hope there is no hindrance anymore for Bitcoin to reach $11,000 or better $12000 so we can finally break the $16000 level.

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September 15, 2020, 12:49:12 PM
 #27

So I think the things that we need to wait for is the price needs to break $11k because that is the hard things that bitcoin needs to do.
We will eventually see it but I don't think that it's actually a hard thing for bitcoin to reach. We've been there for quite a time and going back to that price point won't be that hard anymore.
Looking at the price that's $10,703. Breaking $11,000 is just a matter of time. It could be by this week or by the weekend but as observed by others, during weekends, dumps do happen.
Yes, I agree that breaking $11k is a matter of time, but if we check on the bitcoin price moves, I think we still need more time to see it will happen. Maybe we will need to wait and satisfy the price now, but I guess that we can use the price up to and down to profit as much as possible.
Maybe bitcoin price will not go higher up to $15k until next month or November or even December, but no matter what, I am sure that the bitcoin price will increase so high.
I told ya.  Cheesy
Bitcoin goes $10,922 again as I'm checking the prices right now. More or with lesser time no matter what happens, bitcoin is very resilient and it will go with that price as soon as possible.
It's not a question if bitcoin will be there once again.

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September 15, 2020, 01:45:24 PM
 #28

The strong resistance (which has become support right now) for bitcoin price right now has been passed so we can predict in a few times ahead the $11.000 barrier will be achieved. More than that, in a weekly time frame the candlestick pattern has formed a long leg doji which indicates the bearish market has ended. I hope the movement price will be like 2017 ago where bitcoin's price touched $20.000.

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September 15, 2020, 03:39:57 PM
 #29

The strong resistance (which has become support right now) for bitcoin price right now has been passed so we can predict in a few times ahead the $11.000 barrier will be achieved. More than that, in a weekly time frame the candlestick pattern has formed a long leg doji which indicates the bearish market has ended. I hope the movement price will be like 2017 ago where bitcoin's price touched $20.000.
We're almost at $11k price in the market, anytime it will be surpassed and reach again that price once there is a resistance. But my question is, we don't know the exact time frame when it will be resisted and heading to $20k just like what happened in the year 2017 which is the market was very bullish. My speculation was very optimistic and I have a strong feeling that the price will grow beyond our expectations.

Remember that we're still waiting for the effect of halving in price on Bitcoin since months ago had passed.

You think at the end of quarter at this year will Bitcoin will surge back in the market likely what happened back then that the bullish trend is on the month of December.





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September 15, 2020, 05:15:04 PM
 #30

In one jump, the price may even reach 20,000 and in a few days it will fall below 16,000.

That is a bit to optimistic. There are quite few resistances from here to $20k and $20k is of course the strongest one. We will get there gradually. Most likely in Q1 of next year.

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September 15, 2020, 06:05:31 PM
 #31

I do believe that keeping above 10k is a big signal towards bull run not ending any time soon, but also we are at a very sensitive position right now, just because we are over 10k doesn't mean that we will never go under neither. So, what will happen next will decide on the near future of bitcoin as well, if we go down under 10k know that it will continue to go down, so put a sell order at 9.9k because if it goes to 9.9k it goes even lower than that (which you can buy lower later) but if it goes to 11k or more that means it is doing awesome and going higher like you mentioned testing $16k will be on the cart, so put a buy order at around 10.7k or so, because if it goes above that, it goes to 11.4k or so as well. Which means right now we are not actually seeing anything, but we are at a point where any move will tell the next move.

As you said, we have to wait and see what will happen to this 10,000-strong resistance.
As I said, maybe a sudden drop in the range of 9,000 or 8,000 is possible, and if the support continues, maybe we will reach the 16,000 that we are all really looking forward to.
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September 15, 2020, 11:39:36 PM
 #32

So I think the things that we need to wait for is the price needs to break $11k because that is the hard things that bitcoin needs to do.
We will eventually see it but I don't think that it's actually a hard thing for bitcoin to reach. We've been there for quite a time and going back to that price point won't be that hard anymore.
Looking at the price that's $10,703. Breaking $11,000 is just a matter of time. It could be by this week or by the weekend but as observed by others, during weekends, dumps do happen.
Yes, I agree that breaking $11k is a matter of time, but if we check on the bitcoin price moves, I think we still need more time to see it will happen. Maybe we will need to wait and satisfy the price now, but I guess that we can use the price up to and down to profit as much as possible.
Maybe bitcoin price will not go higher up to $15k until next month or November or even December, but no matter what, I am sure that the bitcoin price will increase so high.
I told ya.  Cheesy
Bitcoin goes $10,922 again as I'm checking the prices right now. More or with lesser time no matter what happens, bitcoin is very resilient and it will go with that price as soon as possible.
It's not a question if bitcoin will be there once again.
The question should be on "When" not on "If would still able to" . There no doubt that bitcoins price can really reach new heights unexpectedly but the big question on when it would happen and this

is where each analysis would vary on each trader.I didnt expect for price to cling up on 10922 once again yet ive been expecting that it would hover or play around 10300-10700 for a while now

and ive been making some small profits into those tiny movements into those gaps which isnt really bad.I had just missed out when it tend to shoots on uppet 10700 price.

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September 15, 2020, 11:56:41 PM
 #33

I do believe that keeping above 10k is a big signal towards bull run not ending any time soon, but also we are at a very sensitive position right now, just because we are over 10k doesn't mean that we will never go under neither. So, what will happen next will decide on the near future of bitcoin as well, if we go down under 10k know that it will continue to go down, so put a sell order at 9.9k because if it goes to 9.9k it goes even lower than that (which you can buy lower later) but if it goes to 11k or more that means it is doing awesome and going higher like you mentioned testing $16k will be on the cart, so put a buy order at around 10.7k or so, because if it goes above that, it goes to 11.4k or so as well. Which means right now we are not actually seeing anything, but we are at a point where any move will tell the next move.

As you said, we have to wait and see what will happen to this 10,000-strong resistance.
As I said, maybe a sudden drop in the range of 9,000 or 8,000 is possible, and if the support continues, maybe we will reach the 16,000 that we are all really looking forward to.
I can't expect this to happen immediately since a lot of traders are dumping once the price started to touch the $12k resistance in the previous month therefore we will not gonna see that $16k for a while. On the other hand, this price level we got is enough to buyback if you're selling last month. We are now in the accumulation phase for the next growth because sooner or later it will start to break $11k resistance since the market is quite positive this month.

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September 16, 2020, 12:23:15 AM
 #34

In one jump, the price may even reach 20,000 and in a few days it will fall below 16,000.

That is a bit to optimistic. There are quite few resistances from here to $20k and $20k is of course the strongest one. We will get there gradually. Most likely in Q1 of next year.

I also thought that the first quarter of the year is our best bet to break the $20 k threshold there is a lot of resistance for us to reach even to the $15k we are still a long way from that if there is going to be another all-time high for the market to move up this month it's a good momentum I hope to see we end this month with the price in the $11k level.

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September 16, 2020, 12:54:56 AM
 #35

I'm not that optimistic right now when it comes to Bitcoin for the short term since there is a chance that Bitcoin will go down again to below $10,000 although the chances of it to happen are low.

I think that before Bitcoin could reach the $16,000, it must break the past resistance too of around $14,000 which got reached last year and if it passes thru that price then $16,000 will be possible. The possible resistance are the $12,000 - $14,000 - $16,000 and passing all these 3 will lead to the ATH which is the $20,000 and possible new ATH. Just a prediction coming from a newbie Smiley.

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September 16, 2020, 03:46:30 AM
 #36

The strong resistance (which has become support right now) for bitcoin price right now has been passed so we can predict in a few times ahead the $11.000 barrier will be achieved. More than that, in a weekly time frame the candlestick pattern has formed a long leg doji which indicates the bearish market has ended. I hope the movement price will be like 2017 ago where bitcoin's price touched $20.000.

Not too fast though, I didn't see if we did break $10,800-$10,900, but from what I'm seeing, it's a big barrier in front of us. Checking CMC now, seems that we didn't have enough support for that price. So we will have to wait for more as selling pressures for those price are present.

Just be careful what you wish for, that $20,000 ran had a lot of catalyst, like the CME and CBoE bitcoin future contracts, which during that time, people didn't understand and irrationally invest on Bitcoin. So it's not normal rise. What we wanted is just a steady gain to $20,000 or even new all time highs in 2021.

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September 16, 2020, 04:20:03 AM
 #37

I think that before Bitcoin could reach the $16,000, it must break the past resistance too of around $14,000 which got reached last year and if it passes thru that price then $16,000 will be possible. The possible resistance are the $12,000 - $14,000 - $16,000 and passing all these 3 will lead to the ATH which is the $20,000 and possible new ATH. Just a prediction coming from a newbie Smiley.

i think there is a very good chance that when the $12k resistance breaks in the near future we could be seeing a good momentum shaping up that puts bitcoin in a consistent rise-mode. that mode is known to not care too much about other resistances (such as the $16k or any other) and keep breaking these levels easily until reaching the previous ATH and slow down there.

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September 16, 2020, 06:53:16 AM
 #38

So I think the things that we need to wait for is the price needs to break $11k because that is the hard things that bitcoin needs to do.
We will eventually see it but I don't think that it's actually a hard thing for bitcoin to reach. We've been there for quite a time and going back to that price point won't be that hard anymore.
Looking at the price that's $10,703. Breaking $11,000 is just a matter of time. It could be by this week or by the weekend but as observed by others, during weekends, dumps do happen.
Yes, I agree that breaking $11k is a matter of time, but if we check on the bitcoin price moves, I think we still need more time to see it will happen. Maybe we will need to wait and satisfy the price now, but I guess that we can use the price up to and down to profit as much as possible.
Maybe bitcoin price will not go higher up to $15k until next month or November or even December, but no matter what, I am sure that the bitcoin price will increase so high.
I told ya.  Cheesy
Bitcoin goes $10,922 again as I'm checking the prices right now. More or with lesser time no matter what happens, bitcoin is very resilient and it will go with that price as soon as possible.
It's not a question if bitcoin will be there once again.
Damn, the price fails to break $11k. I thought that the price has more power to break at that price, but never mind because we still have many times to see $11k will be broken. Right now, the price stays at $10,77x and still not moving up, and that can make us feel confused where the price will moves. I think we are now at the waiting time for the next moves that bitcoin will make it.



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September 16, 2020, 09:21:36 AM
Last edit: September 16, 2020, 09:34:31 AM by STT
 #39

Some would argue the stronger asset determines the action so gold being so durable over many years might be why dollar is weaker in comparison and less favoured as a reserve asset upto 2020 and allocations going forward.



If we fall back from these current highs today or tommorow I'd count thas as some negative indicator for a larger trend then just this week or so.   We're between 200 and 50 day averages, my first take is to check we stablise and build from here rather then ambition to remove larger resistance areas.   Its not yet clear we have finished going down or not.

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September 16, 2020, 11:56:22 AM
 #40

The first resistance at $10450 shouldn't be as strong as the ones at $11K+ and $12K price can break the first resistance easily however the major barrier and obstacles are those strong resistance above $10K once they are broken then the price reaching $16K will be feasible based from my own analysis however all these is subject to non manipulation of the market by the so-called 'whales'.
Government clamping down on major exchanges can also hamper or hinder the price of bitcoin reaching the $16K target

In your analysis, most of the things that affect the bitcoin market were addressed, from whales to governments and ..
I want to talk about sanctions and wars that have a huge impact on Bitcoin in my next article.
Let me summarize here that I think there is a war ahead and in this war bitcoin will be destroyed.
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